Storms Family Foundation
- Assets
- $4.4m
- Revenue
- $694.8k
- Investments
- $4.1m
- Employees
- 0
- Location
- Lake Stevens, WA
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-2020553
Organization Overview
Storms Family Foundation is located in Lake Stevens, WA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storms Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Storms Family Foundation generated $694.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Storms Family Foundation has awarded 130 individual grants totaling $3,868,620. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Storms Millis President | 20 | $36,000 | |
Rosemary Storms Montgomery Secretary | 10 | $36,000 | |
Anna Storms Ingram Treasurer | 20 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $138,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $431,756 |
| Capital Gain Net Income | $431,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $125,000 |
| Total Revenue | $694,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,171 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,336 |
| Printing and publications | $0 |
| Other expenses | $3,717 |
| Total operating and administrative expenses | $184,803 |
| Contributions, gifts, grants paid | $866,420 |
| Total expenses and disbursements | $1,051,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,110 |
| Savings and temporary cash investments | $142,106 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,049,141 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,351,028 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Storms Family Foundation has awarded $866,420 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
OHSU FOUNDATION PURPOSE: EXPAND & SUSTAIN PROGRAM, RELY PROGRAM, AND DEPOSIT TO DORIS & MARK STORMS ENDOWMENT | $512,500 |
Bend, OR PURPOSE: FINE ART INSTALLATION PROGRAM | $50,000 |
Portland, OR PURPOSE: HOSPITAL EXPANSION PROGRAM; VELVET ASSISTANCE FUND | $30,000 |
PROVIDENCE BENEDICTINE NURSING CENTER PURPOSE: PALIATIVE CARE PROGRAM | $25,000 |
KIDS CENTER PURPOSE: HELPING KIDS GET BACK TO BEING KIDS; ONGOING WORK FOR THE CARE OF ABUSED CHILDREN | $15,000 |
Bend, OR PURPOSE: TRANSFORMING FAMILIES TOGETHER | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |
David And Amy Fulton Foundation Seattle, WA | $63,197,245 | $1,065,965 |
Ronald W Naito Md Foundation Portland, OR | $42,239,889 | $5,436,826 |
Helen E Snedden Foundation Fairbanks, AK | $8,832,360 | $5,012,483 |
The Renaissance Foundation Lake Oswego, OR | $17,519,986 | $2,588,304 |